Just weeks ago, Gautam Adani, one of the world’s richest men, celebrated Donald Trump’s election victory and announced plans to invest $10bn (£7.9bn) in energy and infrastructure projects in the US.
Now, the 62-year-old Indian billionaire and a close ally of Prime Minister Narendra Modi, whose sprawling $169bn empire spans ports and renewable energy, faces US fraud charges that could potentially jeopardise his ambitions at home and abroad.
Federal prosecutors have accused him of orchestrating a $250m bribery scheme and concealing it to raise money in the US. They allege Mr Adani and his executives paid bribes to Indian officials to secure contracts worth…